Why is Hitachi Energy falling/rising?

As of 12-Aug, Hitachi Energy India Ltd is experiencing a decline in its stock price, currently at Rs 20,707.40, reflecting a decrease of Rs 72.6 or 0.35%. The stock reached a new 52-week high of Rs 21,784.8 earlier in the day, indicating strong intraday performance with a rise of 4.84%. However, despite a positive long-term growth trajectory, including an 11.44% increase over the past month and a remarkable 79.88% rise over the last year, the stock is currently facing downward pressure. Factors contributing to this movement include a decrease in delivery volume by 28.49% against the 5-day average, suggesting falling investor participation, and the stock trading at a premium compared to its peers, which may deter some investors.
In the broader market context, the stock's short-term performance of -2.97% over the past week contrasts with the Sensex, which has only declined by 0.59%. This indicates that while the stock has been underperforming relative to the benchmark recently, it has significantly outperformed the Sensex over longer periods, such as a 44.09% increase year-to-date compared to the index's 2.68%. The company's low debt-to-equity ratio and consistent positive results over the last six quarters, alongside increased foreign institutional investor holdings, suggest a solid foundation for future growth. However, the high valuation metrics and recent drop in trading volume may be causing some investors to reassess their positions, contributing to the current price decline.